Video Update: Bloomington Cooperative Living

In this week’s video update, Mayor John Hamilton and Bloomington Cooperative Living (BCL) Board Member Hugh Farrell discuss affordable housing and the BCL. 

In 2020, the City of Bloomington and CDFI Bloomington invested a total of $528,000 in Bloomington Cooperative Living’s 921 Project to construct 18 new affordable housing units at 921 West 9th Street, now called The Trellis. It was BCL’s first major construction project.

Bloomington Cooperative Living was founded in 2007 to foster vibrant, affordable housing opportunities in Bloomington that contribute to the establishment of local neighborhoods with a strengthened sense of community. Since its founding, BCL has grown to about 60 members and 5 properties, each maintaining the accessibility and affordability promised in the organization’s mission. Learn more at: bloomingtoncooperative.org

About CDFI Friendly Bloomington

CDFI Friendly Bloomington is an innovative organization working to increase access to flexible, affordable financing for community development. Formed in 2018, CDFI Friendly Bloomington is a nonprofit focused on connecting local investment opportunities with regional and national community development financial institutions (CDFIs). CDFIs are private financing entities that specialize in markets and populations that often cannot qualify for traditional financing. CDFI Friendly Bloomington promotes local projects, facilitates deals, and offers financing alongside CDFIs to incent their participation or bridge an asset gap in the project. More information can be found at: cdfifriendlybtown.org

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Each week, Mayor Hamilton and Deputy Mayor Carmichael provide video updates on recent news and key initiatives. Access all of the weekly video updates at bloomington.in.gov/videoupdates.